Virginia Housing Development Authority's $225 Million Commonwealth Mortgage Bonds Rated 'AAA'; Outlook Is Stable

S&P Global Ratings assigned its 'AAA' long-term rating to the Virginia Housing Development Authority 's (Virginia Housing) $75 million remarketed 2024 series F non-AMT, subseries F-2, and $150 million 2025 series C taxable commonwealth mortgage bonds (CMBs). At the same time, we affirmed our 'AAA' long-term rating and underlying rating (SPUR) on the CMB resolution and our 'AAA/A-1+' dual rating on the authority's series 2024F bonds. The outlook is stable. ENGLEWOOD (S&P Global Ratings) June 23, 2025--S&P Global Ratings today took the rating actions listed above. The rating incorporates the somewhat elevated physical risks for Virginia due to its exposure to rising sea levels and coastal flooding in the Hampton Roads metropolitan statistical area and along the Eastern Shore that

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